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Material Fact - Eletrobras Auction


Material Fact - Exercise of the right of first refusal - Eletrobras Auction

Transmissora Aliança de Energia Elétrica S.A. ("Company" or "Taesa"), pursuant to CVM Instruction no. 358 from January 3, 2002, as amended, and to Article 157, paragraph 4, of Law No. 6404 from December 15, 1976, as amended, and in addition to the Material Facts disclosed on September 27, 2018, and on October 4, 2018, hereby informs its shareholders, the market in general, and other stakeholders, that it received a notice from the Sale Committee of the Eletrobras Auction No. 01/2018, stating that, at a meeting held today, Eletrobras’ Executive Board unanimously approved, without any reservations, the ratification of the Auction object related to Lot M for the external shareholder Taesa, as an External Shareholder who opted to exercise its right of first refusal, in the form of the shareholders’ agreements of the SPEs ("Transmineiras"), over the integrality of the shareholding interest held by Eletrobras.

The notice further states that the auction process for Lot M is formally closed, and Eletrobras may proceed to the next step needed for the sale, which consists in the purchase and sale agreement signing with Taesa to the referred lot.

It is noteworthy that for the other Lots that the Company submitted bids (L, N and P lots), Taesa still awaits the expression of interest from the other shareholders of each SPE concerning their right of first refusal, as stipulated by the rules of the Auction notice.

The Company will keep its shareholders and the market informed on a timely basis regarding the development of the matters covered in this Material Fact.

Rio de Janeiro, November 27, 2018

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